TD Cowen Maintains Hold on McDonald's, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles maintains a Hold rating on McDonald's and raises the price target from $280 to $300.
October 16, 2024 | 6:19 pm
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TD Cowen analyst Andrew Charles maintains a Hold rating on McDonald's and raises the price target from $280 to $300, indicating a positive outlook.
The increase in the price target from $280 to $300 suggests a positive outlook for McDonald's, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity at the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100